Income Tax Return (ITR) Filing Services in Delhi NCR

Choosing the appropriate ITR form ensures your income is reported correctly and helps avoid filing errors. Here’s a brief overview:

ITR 1 (Sahaj)

This form is ideal for salaried individuals who earn from one residential property and have additional income such as interest, as long as their total income remains under fifty lakh rupees.

ITR 2

This form is suitable for individuals and Hindu Undivided Families who are not involved in any business or professional activity but may earn through capital gains multiple house properties or foreign assets and income.

ITR 3

This return is designed for individuals or Hindu Undivided Families earning from business operations or professional work, including those associated as partners in a firm without owning the business individually. However, it is not meant for those managing a proprietorship under their own name.

ITR 4 (Sugam)

This form caters to individuals, Hindu Undivided Families, or partnership firms other than LLPs who opt for the presumptive taxation scheme, making it easier for small businesses and professionals to file their returns.

ITR 5

This is used by partnership firms, LLPs, Associations of Persons (AOPs), and Bodies of Individuals (BOIs) who are not covered under ITR-7.

ITR 6

Applicable to all companies, except those claiming exemption under Section 11 (primarily for charitable or religious organizations).

ITR 7

This form is required for organizations such as trusts, political parties, research institutions, and similar entities that need to file income tax returns under specific clauses like 139(4A) to 139(4D), especially where income is exempt but filing is mandatory.